Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of banking, investment, and financial services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Retail Banking. The Commercial Banking segment provides lending, deposit, and cash management services; commercial and industrial lending and leasing, commercial real estate lending, equipment financing, and asset-based lending, as well as treasury and payment services; wealth management solutions to business owners, operators, and consumers; and trust, asset management, financial planning, insurance, retirement, and investment products. The HSA Bank segment offers health savings accounts, health reimbursement arrangements, flexible spending accounts, and commuter services that are distributed directly to employers and individual consumers, as well as through national and regional insurance carriers, consultants, and financial advisors. The Retail Banking segment provides deposit and fee-based services, residential mortgages, home equity lines, secured and unsecured loans, and credit cards to consumers. The company also offers online and mobile banking services. As of December 31, 2021, it operated 130 banking centers and 251 ATMs. The company was founded in 1935 and is headquartered in Stamford, Connecticut.
Webster Financial Dividend Announcement
• Webster Financial announced a quarterly dividend of $0.40 per ordinary share which will be made payable on 2024-11-12. Ex dividend date: 2024-11-01
• Webster Financial annual dividend for 2024 was $1.60
• Webster Financial annual dividend for 2023 was $1.60
• Webster Financial's trailing twelve-month (TTM) dividend yield is 3.98%
• Webster Financial's payout ratio for the trailing twelve months (TTM) is 37.67%
• Webster Financial's dividend growth over the last five years (2018-2023) was 5.06% year
• Webster Financial's dividend growth over the last ten years (2013-2023) was 11.27% year
Webster Financial Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-01 | $0.40 | quarterly | 2024-11-12 |
2024-07-29 | $0.40 | quarterly | 2024-08-08 |
2024-05-03 | $0.40 | quarterly | 2024-05-16 |
2024-02-02 | $0.40 | quarterly | 2024-02-16 |
2023-11-02 | $0.40 | quarterly | 2023-11-13 |
2023-08-01 | $0.40 | quarterly | 2023-08-16 |
2023-05-05 | $0.40 | quarterly | 2023-05-22 |
2023-02-03 | $0.40 | quarterly | 2023-02-17 |
2022-11-03 | $0.40 | quarterly | 2022-11-14 |
2022-08-01 | $0.40 | quarterly | 2022-08-17 |
2022-05-11 | $0.40 | quarterly | 2022-05-27 |
2022-01-27 | $0.40 | quarterly | 2022-02-11 |
2021-11-08 | $0.40 | quarterly | 2021-11-23 |
2021-08-02 | $0.40 | quarterly | 2021-08-17 |
2021-05-04 | $0.40 | quarterly | 2021-05-19 |
2021-02-08 | $0.40 | quarterly | 2021-02-23 |
2020-11-09 | $0.40 | quarterly | 2020-11-24 |
2020-08-04 | $0.40 | quarterly | 2020-08-19 |
2020-05-05 | $0.40 | quarterly | 2020-05-20 |
2020-02-10 | $0.40 | quarterly | 2020-02-25 |
2019-11-08 | $0.40 | quarterly | 2019-11-26 |
2019-08-02 | $0.40 | quarterly | 2019-08-19 |
2019-05-03 | $0.40 | quarterly | 2019-05-20 |
2019-02-11 | $0.33 | quarterly | 2019-02-26 |
2018-11-05 | $0.33 | quarterly | 2018-11-20 |
2018-08-03 | $0.33 | quarterly | 2018-08-20 |
2018-05-04 | $0.33 | quarterly | 2018-05-21 |
2018-02-12 | $0.26 | quarterly | 2018-02-27 |
2017-11-06 | $0.26 | quarterly | 2017-11-21 |
2017-08-03 | $0.26 | quarterly | 2017-08-21 |
2017-05-04 | $0.26 | quarterly | 2017-05-22 |
2017-02-10 | $0.25 | quarterly | 2017-02-28 |
2016-11-04 | $0.25 | quarterly | 2016-11-22 |
2016-08-04 | $0.25 | quarterly | 2016-08-22 |
2016-05-05 | $0.25 | quarterly | 2016-05-23 |
2016-02-05 | $0.23 | quarterly | 2016-02-23 |
2015-11-06 | $0.23 | quarterly | 2015-11-24 |
2015-08-06 | $0.23 | quarterly | 2015-08-24 |
2015-04-30 | $0.23 | quarterly | 2015-05-18 |
2015-02-06 | $0.20 | quarterly | 2015-02-24 |
2014-11-06 | $0.20 | quarterly | 2014-11-25 |
2014-08-07 | $0.20 | quarterly | 2014-08-25 |
2014-05-01 | $0.20 | quarterly | 2014-05-19 |
2014-02-07 | $0.15 | quarterly | 2014-02-25 |
2013-11-07 | $0.15 | quarterly | 2013-11-26 |
2013-08-08 | $0.15 | quarterly | 2013-08-26 |
2013-05-02 | $0.15 | quarterly | 2013-05-20 |
2013-02-08 | $0.10 | quarterly | 2013-02-26 |
Webster Financial Dividend per year
Webster Financial Dividend growth
Webster Financial Dividend Yield
Webster Financial current trailing twelve-month (TTM) dividend yield is 3.98%. Interested in purchasing Webster Financial stock? Use our calculator to estimate your expected dividend yield:
Webster Financial Financial Ratios
Webster Financial Dividend FAQ
Other factors to consider when evaluating Webster Financial as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Webster Financial's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Webster Financial publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Webster Financial distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Webster Financial are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Webster Financial sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Webster Financial distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Webster Financial declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Webster Financial's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Webster Financial's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.